Bharat Forge Ltd is up for a fifth straight session today. The stock is quoting at Rs 639.4, up 2.9% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.01% on the day, quoting at 14561.7. The Sensex is at 49508.38, down 0.02%. Bharat Forge Ltd has gained around 18.16% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 12.65% in last one month and is currently quoting at 10119.85, up 1.22% on the day. The volume in the stock stood at 102.55 lakh shares today, compared to the daily average of 30.57 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 633.1, up 1.47% on the day. Bharat Forge Ltd is up 23.25% in last one year as compared to a 17.79% jump in NIFTY and a 23.57% jump in the Nifty Auto index.

The PE of the stock is 180.64 based on TTM earnings ending September 20.

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Bharat Forge Ltd is up for a third straight session in a row. The stock is quoting at Rs 613.5, up 1.69% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.63% on the day, quoting at 14437.1. The Sensex is at 49119.8, up 0.69%. Bharat Forge Ltd has risen around 13.37% in last one month.

Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has risen around 8.53% in last one month and is currently quoting at 9741.25, up 1.31% on the day. The volume in the stock stood at 19.27 lakh shares today, compared to the daily average of 30.42 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 617, up 2.14% on the day. Bharat Forge Ltd is up 18.99% in last one year as compared to a 17.09% spurt in NIFTY and a 19.83% spurt in the Nifty Auto index.

The PE of the stock is 175.35 based on TTM earnings ending September 20.

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Bharat Forge has made further investment of Rs 2.87 crore in Avaada SataraMH (ASPL) for use of remaining 8.20 megawatt (MW) out of the 40.70 MW solar power. Post this investment, the company now holds 11% stake in ASPL.

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In a BSE filing made after market hours yesterday, the company said that its German subsidiary companies viz. Bharat Forge Aluminiumtechnik GmbH, Bharat Forge CDP GmbH, and Bharat Forge Global Holding GmbH reached a settlement with Germany's national competition regulator - Bundeskartellamt (Federal Cartel Office) (FCO) in connection with two separate proceedings.

The investigation in the above two matters pertained to the period between 2004 and 2018 and was initiated by FCO against several companies in Germany.

The company's German subsidiaries were among many such companies. They had been under confidentiality obligations under applicable German laws with respect to these proceedings.

Bharat Forge's German Subsidiaries have reached settlement in an aggregate amount of euro 32 million to be paid over the next 5 years. The terms of the settlement are confidential under the applicable laws.

The final settlement for Bharat Forge Aluminiumtechnik GmbH was signed earlier today; the settlement for Bharat Forge CDP GmbH and Bharat Forge Global Holding GmbH is in the final stage and expected to be signed early next year,” the auto maker said in a statement.

Bharat Forge is a multinational company involved in automotives, power, oil & gas, construction & mining, locomotive, marine, defense and aerospace industries. It earns notable revenues from Class 8 trucks in the US market.

The company reported a consolidated net loss of Rs 1.32 crore in Q2 FY21 compared with net profit of Rs 205.48 crore in Q2 FY20. Net sales during the quarter declined by 36.2% year-on-year (YoY) to Rs 1376.09 crore.

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